Broker
CFC enters intellectual property market
Specialist lines Lloyd’s underwriting agency CFC has launched an intellectual property product following the transfer of Munich Re’s intellectual property team led by Erik Alsegard.
Broker to head Let Alliance board
Broker David Hill has been appointed non-executive director to the Let Alliance board.
Be Wiser grows turnover 24%, but profits slip
Andover broker Be Wiser has reported substantially boosted income in its figures for the year to 31 March.
Middle quits Aviva to become Ageas partnerships director
Aviva’s Ant Middle is stepping down from the role of strategic partnerships director to take on a similar position at Ageas.
Aon analysis shows 24% of H1 losses covered by insurance
The $20bn (£13bn) total of insured losses for the first six months of the year was approximately 20% below the 10-year average of $25bn (£16.3bn), according to Aon Benfield’s Impact Forecasting centre.
Willis UK in single digit dip as group organic growth increases
Willis’ UK operation experienced a single digit decline in the second quarter, amid a backdrop of the group-wide organic commissions and fees growth of 6.3%.
Portal extension should include multi-defendant claims, argues Zurich boss
Multi-defendant disease and deafness claims should be included in the extended road traffic accident portal, according to Zurich’s casualty claims director Karl Helgesen.
Zurich launches policy validation unit for brokers to help tackle fraud
Zurich has launched a dedicated policy validation unit in a bid to help personal lines brokers tackle fraud at the quote stage.
Post magazine - 25 July 2013
In this week's Post, the Financial Stability Board's listing of global systemically important insurers has raised concerns over a "lack of clarity" on why implicated firms are on the list and the costs that will be generated by an enhanced supervisory…
Volvo AEB system sparks reduced premiums for drivers
Volvo claims that its autonomous emergency braking system could save motorists up to £160 per year on their car insurance premiums, after the manufacturer declared the system will be fitted on most new models.
Ghost broking battle gains impetus as Gumtree closes insurance platform
Brokers welcome the decision to dispense with the category
Oval secures £43m four year refinance deal
Oval has secured a £43m refinance package to support its growth plans, with Barclays and Lloyds providing the funding.
Paedophile teacher leaves council picking up £300 000 liability excess
North Somerset Council is facing the possibility of paying out £300 000 in insurance excesses professional indemnity claims relating to the victims of a paedophile teacher.
More brokers face fines over add-ons after Swinton pays £7.4m penalty
Analyst blames drop in Esure’s profit expectations on bundled add-ons.
Plum eyes further expansion after Northern Ireland move
Plum Underwriting has moved ahead with plans to expand its underwriting footprint by beginning to write non-standard and mid-net worth household risks in Northern Ireland.
L&G hires replacement customer services director
Legal & General has appointed Vanessa Sallows as customer services director for group protection, replacing Steve Ellis who has moved to another role within the company.
New corporate boss for Perkins Slade after Rowe exits
Broker Perkins Slade has made several changes to its senior management team including a new corporate leader following Darren Rowe’s departure this month.
Cat bond market must expand: Willis
If total alternative reinsurance solutions like catastrophe bonds are to continue to grow, a wider range of perils should be considered according to Willis Capital Markets & Advisory.
Career development: Communication failure costs UK business
Failing to tell staff in financial services and insurance companies about the benefits on offer, such as private health insurance and income protection, is costing the sector £2.7bn every year.
Career file: Vyvienne Wade: Wade takes up international role at rival broker AJG
Arthur J Gallagher has recruited Jardine Lloyd Thompson's former European chairman and group general counsel to lead international growth.
Market Moves: Cox joins Ecclesiastical management board, while Bluefin’s Philip moves up again
Both insurers and brokers completed their fair share of high-profile hires this week. Ecclesiastical took top billing among insurers, with the appointment of Brit’s former chief executive Ray Cox as a board member, while among brokers Bluefin recruited…
View from the Top: The key to effective symbiosis
There are two crucial groups good managing general agents have to satisfy: insurance customers and capacity providers.
Bluefin welcomes regional MDs as restructure sees Owen's role expanded
Bluefin has completed a number of internal promotions and structural changes as part of its ongoing strategic development plan.
Tysers hires trio to form North American PL team
Tysers has appointed David Doe, Jonathan Doel and Sue Korth to form a North American professional liability team.